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    Home » The number of transactions on the Bitcoin network (BTC) shows a rapid growth in February

    The number of transactions on the Bitcoin network (BTC) shows a rapid growth in February

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    By BlockchainJournal on February 25, 2019 News
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    The activity of Bitcoin users (BTC) has been growing rapidly since the beginning of 2019, according to BitInfoCharts .

    In early February, another Bitcoin Visuals service provided similar data, from which it followed that the activity of the holders of the main cryptocurrency in January approached its maximum level since November 2017.

    During February 2019, there was a tendency for steady growth in the number of transactions in the Bitcoin network , which reached approximately the same level as in January 2018, when BTC was trading at the highest mark in its history.

    Now, on average, users of the main cryptocurrency carry out about 300,000 transactions daily.

    In January last year, this figure reached 425,000 transactions, and in exactly one year the maximum number of transactions on the BTC platform per day sometimes reached 350,000. More accurate information about the activity of network users of the coin can be obtained only after the transactions performed using Lightning Network solutions.

    On the chart below, you can see how the activity of blockchain platform users fell in 2018 due to the weakening of market volatility and a decrease in the cost of bitcoin.

    In January-February of 2019, the number of transactions began to increase again, as the course of the coin began to grow. Late last week, Bitcoin broke through the $ 4,000 mark, but then suddenly dropped to $ 3,800 .

    According to experts, as volatility increases, the activity of network users will remain high, which will save the demand for Bitcoin and support its cost.

    Publication date 25.02.2019
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